WRCY
WisdomTree Recycling Decarbonisation UCITS ETF - USD Acc
The WisdomTree Recycling Decarbonisation UCITS ETF (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Tortoise Recycling Decarbonization UCITS Index (the "Index"). Learn more about the Index that WCRY is designed to track.
- Recycling waste-to-energy plays an important role within the global decarbonisation megatrend as the world strives to achieve climate goals.
- The Fund offers access through direct investment in publicly listed companies, which are primarily involved in waste-to-energy and recycling related businesses contributing to decarbonization.
- Focused exposure to global companies that are capitalising on the growth in the production of renewable fuels, recycling services and carbon capture technologies, which meet WisdomTree’s ESG (environmental, social and governance) criteria.
- The research for the selection of companies in the Index and, subsequently, the Fund, is conducted by experts in the recycling decarbonisation space, ensuring the portfolio remains focused and relevant to the designed theme exposure.
- The ETF is physically backed and UCITS compliant
- Although the Index was created to select companies with a relatively higher contribution to decarbonisation within the waste-to-energy and recycling sectors, there is no guarantee this objective will be achieved.
- An investment in equities may experience high volatility and should be considered as a long-term investment.
- Higher growth companies such as those that play a part in megatrends tend to trade at higher valuations. The investor should consider the risk that comes with higher valuations as part of any investment decision.
- Investment risk may be concentrated in specific sectors, countries, companies or currencies.
- This list does not cover all risks-further risks are disclosed in the KIID and Prospectus.
Overview
Fund Overview | |
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Asset Class | Equities |
Use of Income | Accumulating |
Inception Date | 22 Apr 2022 |
Dividend Frequency | N/A |
Exchange Ticker | WRCY/RECY |
Index Name | The Tortoise Recycling Decarbonization UCITS Index Net Total Return |
TER | 0.45% |
Base Currency | USD |
Inception Date | 22 Apr 2022 |
Exchange Ticker | WRCY/RECY |
Index Name | The Tortoise Recycling Decarbonization UCITS Index Net Total Return |
TER | 0.45% |
Structure | |
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Replication Method | Physical, Fully Replicated |
Legal Form | Irish Collective Asset-management Vehicle (ICAV) |
Fund Umbrella | WisdomTree Issuer ICAV |
Domicile | Ireland |
Structure | Open-ended Exchange Traded Fund |
Financial Year End | 31 December |
UCITS Compliant | Compliant |
Further Legal and Tax Information | |
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ISA | Eligible |
SIPP | Eligible |
UCITS Eligible | Eligible |
UK Reporting Status | Yes |
Key Service Providers | |
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Custodian | State Street Custodial Services (Ireland) Limited |
Administrator | State Street Fund Services (Ireland) Limited |
Fund Manager | Irish Life Investment Managers |
Auditor | Ernst & Young Ireland |
Market Capitalization | As of 17 Jul 2024 |
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Total Market Capitalization ($ Trillion) | 0.28 |
Fund MarketCap Breakdown | |
Large Cap (> $10 Billion) | 31.05% |
Mid Cap (≥ $2 Billion and ≤ $10 Billion) | 27.09% |
Small Cap (< $2 Billion) | 41.86% |
Fund Characteristics | As of 17 Jul 2024 |
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*Dividend Yield | 1.23 |
Price/Earnings | 989.57 |
Estimated Price/Earnings | 34.23 |
Price/Book | 1.92 |
Price/Sales | 0.82 |
Price/Cash Flow | 12.33 |
Gross Buyback Yield | 0.73 |
Net Buyback Yield | -1.05 |
Listings & Codes
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Holdings
Sector Breakdown
Index Details
The Index is designed to measure the performance of publicly traded companies involved in waste-to-energy and recycling business, including the production of renewable fuels, recycling services and carbon capture technologies as part of the global decarbonisation megatrend.
Companies need to derive at least 20% revenue or operating profit, or own 20% assets or capital expenditures (“Exposure”) in decarbonising waste-to-energy and recycling related businesses. Selected companies must also meet WisdomTree’s ESG (environmental, social and governance) criteria and other criteria such as minimum market capitalisation and liquidity.
The Index is weighted based on companies’ Exposure to waste-to-energy and recycling activities and the carbon emission reporting status. Companies with higher Exposure and reporting negative carbon emissions will be over-weighted. Negative carbon emissions refer to carbon avoided based on the company’s renewable products and recycling services which exceed the company’s own emissions.
The Index is rebalanced on a semi-annual basis in March and September.
Index Details | |
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Index Name | Tortoise Recycling Decarbonization UCITS Index Net Total Return |
Currency | USD |
Index Provider | Tortoise |
Bloomberg Ticker | RECYCLET |
Leverage Factor | N/A |
Documents and Links |
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Tortoise Recycling Decarbonization UCITS Index Net Total Return |
Responsible Investing
SFDR Disclosure
The EU Sustainable Finance Disclosures Regulation (SFDR) took effect on 10 March 2021 as part of the EU Action Plan on Sustainable Finance. The SFDR lays down harmonised sustainability related disclosure rules for EU financial market participants and advisors and requires certain sustainability disclosures to be made for financial products which promote environmental or social characteristics (Article 8 SFDR) and funds which have a sustainable investment objective (Article 9 SFDR).
There are different SFDR product categorisations for these sustainability disclosure requirements:
+ Article 6 products: require disclosures relating to the manner in which sustainability risks are integrated into the decision-making process.
+ Article 8 products: promote, among other characteristics, environmental or social characteristics or a combination of those characteristics, provided that the companies in which the investments are made follow good governance practices.
+ Article 9 products: have sustainable investment as their objective
Please refer to EU regulation guidelines for more details: https://www.esma.europa.eu/sections/sustainable-finance
SFDR categorisations | |
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SFDR Disclosure | Article 9 |
ESG Characteristics
The fund tracks an index which seeks to exclude from the eligible investment universe companies that (i) violate, certain commonly accepted international norms and standards, such as United Nations and the Organisation for Economic Co-operation and Development (OECD) guidelines, (ii) are involved in controversial weapons such as anti-personnel mines and cluster munitions, (iii) are significantly involved in the tobacco industry, (iv) are significantly involved in thermal coal activity, such as coal mining and exploration and coal-based power generation, (v) are significantly involved in unconventional oil and gas exploration/production, such as oil sands, Arctic oil and gas or shale energy, (vi) do not meet such other ESG criteria such as significant involvement in small arms, as detailed in the Index methodology. Visit our ESG Hub to learn more about WisdomTree's ESG approach.
The WisdomTree Recycling for Decarbonisation strategy provides investors with a distinct approach, focusing on those companies contributing to the global decarbonisation megatrend through waste-to-energy and recycling efforts. To find out more about our visit our WRCY strategy page.
Tree Planting with Ripple Africa
At WisdomTree, we recognise the importance of protecting the environment and believe we all have a responsibility to make positive changes to help reduce our climate impact and raise awareness. To this end, we are delighted to announce we are working with Ripple Africa to plant 10,000 trees in 2022. Learn more about this initiative.
MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics and Ratings (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 31,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.
Sustainability Characteristics | |
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MSCI ESG Fund Ratings (AAA-CCC) | BBB |
Documents
DISCLAIMERS
The products discussed in this document are issued by WisdomTree Issuer ICAV (“WT Issuer”). WT Issuer is an umbrella investment company with variable capital having segregated liability between its funds organised under the laws of Ireland as an Irish Collective Asset-management Vehicle and authorised by the Central Bank of Ireland (“CBI”). WT Issuer is organised as an Undertaking for Collective Investment in Transferable Securities (“UCITS”) under the laws of Ireland and shall issue a separate class of shares ("Shares”) representing each fund. Investors should read the prospectus of WT Issuer (“WT Prospectus”) before investing and should refer to the section of the WT Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the Shares.
The Tortoise Recycling Decarbonization UCITS IndexSM (the “Index”) is the exclusive property of TIS Advisors, LLC. TIS Advisors, LLC makes no express or implied representation, guarantee or assurance with regard to (a) the advisability in investing in the Fund; and/or (b) the results obtained or to be obtained by any person or entity from the use of the Fund. The Index is calculated by Solactive AG (“Solactive”). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive in any way, and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Index or the calculations thereof; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. It is not possible to invest directly in an index.